Tag: Economy
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Extreme Markets
Extreme markets produce extreme data points. As the total spread between highest and lowest forecast for the S&P, shown in the chart below shows. Since Bloomberg started collecting the data in 2000, the gap has never been so extreme this late in the year.
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Liberation Day
The Capital Markets drifted into Friday, posting large declines. Finishing the week in the red. Before Liberation Day. Erasing much of post correction gains. Since Monday the S&P 500 is down 87 points or 1.54%, the NASDAQ lost 461 points or 2.59% while the DOW slipped 401 points or .96%.
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Tariff Tantrum Over?
A 4-week tariff tantrum that sent the major averages into correction territory. The markets oversold conditions led them into the close with small gains. Since Monday the S&P 500 is up 29 points or .52%, The NASDAQ added 30 points or .17% while the DOW gained 497 points or 1.2%.
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Correction Territory
Another brutal week for stocks, Sent the major averages into official correction territory with declines exceeding 10% on Thursday. Bloomberg noted that this was the 7th fastest trip for the markets into correction territory. Taking just 16 market sessions to exceed 10% losses.
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Chaos and Uncertainty
The markets don’t like it. With chaos and uncertainty triggering meaningful losses on Wall Street for a second consecutive week. That saw the S&P 500 lose 59 points or .98%, the NASDAQ plunged 677 points or 3.47%, while the DOW gained 413 points or .95%.
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The Rapid Pace Of Change
Caught up to the markets this week. As they closed with significant losses unable to cope with the pace of change. Since Tuesday the S&P 500 fell 101 points or 1.65%, the NASDAQ slipped 503 points or 2.51% while the DOW gave up 1,143 points or 2.57%.
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The Speed Of Chaos
With the Trump administration continuing to move at the speed of chaos, disrupting everything in its path. I begin to wonder about terminal velocity. Tariff induced trade wars come and go in the blink of an eye. The lamestream media begs for a day off because they can’t keep up.
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Are You Feeling Stressed?
The major averages finished another week in the red, leaving investors feeling stressed. The S&P 500 slipped 15 points or .24%, the NASDAQ lost 104 points or .53% while the DOW fell 246 points or .55%. The January employment report missed expectations significantly with just 143,000 new jobs created.
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Life’s Full Of Surprises
This week was full of surprises. Trump’s announcement today of 25% tariffs on Mexico and Canada spooked the markets. Sending them into the close mixed. Since Monday the S&P 500 lost 60 points or .98%, the NASDAQ slipped 327 points or 1.64%, while the DOW gained 121 points or .27%.
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The Winds Of Change
The first week of Trump 2.0 has sent the winds of change blowing across the land. Pleasing some and enraging others. While change is not always welcome it is a necessary part of life. Let’s all hope it works out well for the republic and its citizenry.